Reliance Infra Reliance Infra is near its downward falling trendline resistance of 369. Any close above it will take the it to next important resistance zone of 377. Any close above 377 gives a target of 411 in short term . Positional traders keep an eye on close above 377. Buy above 369 Tgt 373,377… Read More »
Reliance Capital Reliance Capital has been going above the Fibo Fans for a day and than again pulling back. If this trend continues today or tommrow it should give a pullback. Positional traders keep an eye of 343 levels on closing basis any close above it will target 364 and 377 in July Series. BUy… Read More »
Cipla Cipla after breaking its medium term trendline has been consolidating below it,Yesterday gave an upmove after days of consolidation but unable to close above the trendline resistance and also its 200 DMA @ 391. Close above 391 can lead to target of 411 in medium term. Buy above 388 Tgt 391,395 and 398 SL… Read More »
Bharti Airtel Bharti Airtel is trading in a downtrending channel and yesterday closed at higher end of channel,able to trade and close above 298 will open gates till 308.Unable to cross 298 stock can pullback to lower end of channel till 264 odd levels in medium term. Buy above 298 Tgt 301,304 and 308 SL… Read More »
United Spirits United Spirits is trading near its rising trendline support forming a contracting triangle, Break of 2288can lead to downside till 2107 in short term. Buy above 2330 Tgt 2350,2370 and 2400 SL 2300 Sell below 2285 Tgt 2260,2240 and 2220 SL 2300 Ranbaxy Ranbaxy after achieving our target of 343 is now… Read More »
LT LT is trading in small trading range of 1440-1375. Break of range will take the stock lower, Positional traders can short LT below 1364 for target of 1320.Intra/Swing traders use the below levels Buy above 1400 Tgt 1409,1417 and 1435 SL 1395 Sell below 1386 Tgt 1375,1364 and 1350 SL 1395 Bajaj Auto Bajaj… Read More »
Idea Idea is falling a rising wedge pattern which is bearish in nature and also formed a topping tail candlestick pattern which again is bearish pattern, both pattern needs follow up price action to get confirmation. Close above 144 will invalidate both the pattern and target of 152 can be seen in short term.Pullback till… Read More »
SBI SBI as per last analysis clearly mentioned range of 1980-1974 very crucial range as per Fibo Spiral and Gann, Stock made low of 1970 and bounced back sharply at 2075 levels and closed at 2065 . Now next important gann number is at 2068 levels,unable to cross the same pullback will be expected .… Read More »
DLF DLF as per Fibo Fans has been taking support at lower end bounced and touched the upper end and is back with its downhill price move.Next Important support comes at 176 odd levels, unable to hold target as low as 157 can be seen as per Fibo Spiral. On Upside Holding 176 it can… Read More »
SBIN SBI has been falling like pins after making high of 2472 and is now approaching its medium term trendline support. SBI can give a whipsaw by trading below the trendline traders do remember range of 1974-1980 is very important support as per Gann and Fibo Spiral number and positional shorts can be booked in… Read More »